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About using Microsoft Dynamics NAV in construction business

Tag Archives: CfMD

Finally, our construction vertical solution NAV4Construction is officially registered as CfMD for Microsoft Dynamics NAV 2015 and has passed all tests by VeriTest and Lionbridge. CfMD meanings “Certified for Microsoft Dynamics”. CfMD is Microsoft Corp.’s highest standard for partner-developed software. This certification represents a significant step in elevating the standard for partner-developed software solutions for industry-specific business applications. Solutions with a successful software test have demonstrated development quality and compatibility with the Microsoft Dynamics product. VeriTest, a service of Lionbridge, performed independent and rigorous testing on the solution’s integration with Microsoft Dynamics.

This vertical solution covers all construction and similar activities in regular ERP usage. You can find more about it on this blog or on YouTube channel.

Now, Microsoft Dynamics partners all around the world can order this solution and add it to their NAV implementation. Of course, before that, they have to make partnership with solution author.

This is blog about NAV and construction business, but I have great emphasis on word ‘NAV’. This vertical solution will become CfMD for NAV2013 very soon and I must to thinking about NAV new release and impact on this solution. I wrote about new NAV version in few posts on Microsoft Dynamics Community blog, but now we have the latest informations.

Microsoft Dynamics NAV R2 will deliver exciting new features to support cash management for our customers and prospects.

What it really means for customers

The bottom line is increased productivity – for all our customers – in almost any segment! The new Cash Management features in Microsoft Dynamics NAV R2 will automate and improve the cash management processes that are vital for all our customers regardless of the business they’re in.

Consider this:

New Cash Management functionality includes easy registration of payments to ensure faster business processes with fewer human errors.

You can import electronic payment files from banks and use them as basis for payments registrations. (In Denmark for Danish banks out of the box. Other countries will require minor configurations)

Bank Reconciliation is possible as both a manual and an automated process, with the option to import bank statements from banks and reconcile automatically. A simple tool can be used to set up automation, handle exceptions and complete the reconciliation process.

Bank Statements can be imported from 3rd party providers. The same functionality will allow partners to build their own integration to banks, meaning a free choice of providers.

What features are introduced to enable this?

SEPA CREDIT TRANSFER

A new feature is introduced that enables the user to export payment data to an electronic bank file in SEPA compliant format. This gives the user the possibility to integrate electronically with any bank in the Single European Payment Area and get higher efficiency in the payment process end-to-end.

Also, when payment instructions to the bank are managed directly in the system the user gets better control over the payment process and the ability toenhance cash flow due to SEPA rules about dates.

SEPA DIRECT DEBIT

A new feature called SEPA Direct Debit Collections, which provides an efficient way to handle customer’s payment collections through your preferred bank in the Single European Payment Area (SEPA) with less manual entry of data and effective mandate handling.

The feature allows users to collect money from their customers in a seamless connected way with the invoicing process, minimizing the order to cash lead time and increasing their cash management efficiency.

SCHEMA VIEWER

A new tool that enables partners to import SEPA compliant schemas (ISO 20022) into Microsoft Dynamics NAV and export the desired xml tags in an xmlport ready format. This gives the partner an excellent starting point for building up new xmlport to handle SEPA format variations for its customers.

Also, when handling the xml schema, relevant information about each tag is displayed enabling filtering mandatory tags and attributes.

How and when you can learn more on MSDN

We are working on a number of knowledge articles right now and plan to have these ready for you soon on MSDN

Hear more first-hand at DIRECTIONS!

Don’t miss the upcoming Direction events. Join us to hear how Microsoft Dynamics NAV 2013 R2 offers new cash management features in a harmonized way across country versions. We will demonstrate the new features and you will learn how you can take it to your markets – enabling you to go for volume by having more application features to offer as standard.

Microsoft Dynamics NAV 2013 R2, formerly known as Sicily, will be released in October 2013, Microsoft announced today. R2 will feature improved interoperability with Office 365, including single sign on, deployment to SharePoint sites (Online and on-premise), as well as multitenant hosting on both Azure and partner-hosted deployments.